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#30
10-08-2014, 01:25 PM
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Steve, very interesting from Mr. Welch on your program this morning re: Suffolk and Stronach. Tim Rivto, speaking on behalf of Stronach saying they're looking at all "wayward" tracks (in terms of profitability) and coming in and running those tracks. Any number of tracks fall into that bucket, AP, SUF, Colonial, FG...
Sounds like if the casino law remains intact post-election, they could be interested based on the revenue that will be skimmed off the casinos and put into the horse racing development fund. I have heard media reports say that fund could reach $100m in the next decade. Very interesting development.
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